Former Standard Life boss David Nish to join HSBC board

HSBC Canary Wharf

Former Standard Life chief executive David Nish is to join the board of HSBC.

Nish will join from 1 May, initially for a three-year term which, subject to re-election by shareholders in 2017, will expire at the conclusion of the 2020 AGM.

He joins as an independent non-executive director, and will sit on the group audit committee.

HSBC praised Nish - who is currently non-executive director of Vodafone, London Stock Exchange, UK Green Investment Bank and Zurich Insurance Group - for having successfully repositioned Standard Life to "concentrate on its investment management and distribution businesses" during his time at the helm.

Group chairman Douglas Flint said: "David brings considerable relevant experience in financial services as well as in financial accounting and reporting.

"His tenure at Standard Life was marked by business transformation delivering value creation, a combination which HSBC is similarly targeting from its current strategy. David also has a wide-ranging understanding of all aspects of corporate governance which will further enhance the contribution he can make to the board.

"We very much look forward to him joining us."

Full story: Former Standard Life boss David Nish to join HSBC board: City A.M.

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